The parent company of online gambling brand Unibet set a new revenue record in the final quarter of 2016, which helped push full year revenue to its own new record high.

Figures released Tuesday by the Stockholm-listed Kindred Group show revenue hitting an all-time high of £152.8m in the three months ending December 31, 37% higher than Q4 2015 (+16% in constant currency). Earnings rose 48% to a record £38.9m and after-tax profit hit £29.4m despite betting duties rising 67% year-on-year.

For 2016 as a whole, revenue was up over 53% to £544m, while earnings gained a similar share to £123.7m and profit gained over 50% to £84m.

Kindred Group CEO Henrik Tjärnström said the results proved “the scalability of our business model and our ability to face and absorb the impact of regulatory changes.” Tjärnström said the momentum had carried forward into 2017, with average daily revenue to date up 36% from the same period last year.